I live in a developing city (Huntsville, AL) and this is "new" land.

I see so much value in what you are saying about hanging around others who are further along than I and the relationships that develop through that.

Also, the association controls finances, insurance and many other things, a friend of mine has a condo in a unit mainly controlled by Canadians that are seasonal, in their infinite wisdom they decided to not maintain flood insurance for the development (they are in a flood zone)  now the units are unfinanceable , so the values are lower because only cash buyers can buy in the building.

I'm a software developer and have worked with a bunch of REI companies that use Carrot. 

The George Lucas Museum, Coliseum & Exposition Park renovation (preparation for the Olympics), USC's continued investments in the area, LA Ram's stadium, Metro Rail development, and the fact that much the rest of Los Angeles is unaffordable, are all contributing to the development here.

From there I'd like to branch off into real estate development.

From there I'd like to branch off into real estate development.

You'd be surprised by what they may identify that's perhaps not evident.Catch up on deferred maintenance.

Multifamily apartments are hard to come by unless you are developing. 

The numbers seem solid, even if I sold everything and didn't develop there is 60k gross, enough to pay hard money and move on.